Summary

• Since its record-breaking IPO last week, SpaceX has been the talk of the town, and understandably so, as the company debuted with a market cap above $1 trillion.
• The move higher puts SPCX ahead of Elon Musk's other company, Tesla, by well over one trillion dollars, and it is now passing Amazon to rank as the fifth-largest US company behind Microsoft.
• While SPCX has quickly rocketed to become one of the largest companies in the world in terms of market cap, the underlying fundamentals are an entirely different story.

Since its record-breaking IPO last week, SpaceX (SPCX) has been the talk of the town, and understandably so, as the company debuted with a market cap above $1 trillion. As the company trades up another 11.5% as